8 Wallace St Rochester, NH 03867-2734
- Turn key restaurants
- 2,774 SF
- 0.05 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 8 Wallace St
- Year built
- 1880
- Construction
- FRAME
- Lot size
- 0.05 lot acres
- Property size
- 2,774 SF
- Zone code
- DTC
- Property type
- Turn key restaurants
- APN
- RCHE M:0120 B:0305 L:0000
- APU
- RCHEM0120B0305L0000
Description
This unique 3,182 sq ft mixed-use property at 8 Wallace Street in Rochester, NH, presents a compelling investment opportunity. Located on a 0.05-acre lot in the heart of downtown, this building offers exceptional versatility. The lower level, previously utilized as an ice cream shop, bakery, art studio, and bar, provides ample commercial space. The upper floors offer residential potential, with the second floor featuring beautiful hardwood floors and two bathrooms. The third floor boasts a spacious open-concept area with a bathroom and kitchenette, easily adaptable into a separate apartment. The property benefits from recent upgrades, including a partial slate roof, new plumbing, updated electrical systems, and a brand-new electrical wiring and panel for the fire alarm system. Its location in an Opportunity Zone provides access to commercial 79E tax incentives. Within walking distance of shops, restaurants, schools, and parks, this property is ideally situated in an up-and-coming area. Seller financing is available. Buyers are responsible for verifying zoning regulations and any necessary unit conversion approvals. This is a rare chance to own a live/work property with significant upside potential. The asking price is $286,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9721
- Latitude
- 43.3042
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
